Ciao Traders !
The blue box would be the 1,23 - 1,382 extension of the black wave Y based on the length of wave W, intersecting with the 61% retracement of the previous run.
I will personally try a long, because, even if my bias is that BTC will go down in the future, I think I might benefit from a nice bounce.. I will personally ensure that the RSI will make a divergence before jumping in
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
GOLD Requires attention! For short attention spam readers :-p
Note
terminology in the chart should have been "expanded flat" :)Trade active
Note
sorry guys, didn't mean to click on trading active..i am not long BTC yet, unless we reach the indicated blue area and get a reversal sign
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.